MLS® ID: 19062076
5324 Virginia Avenue
St Louis, Missouri, 63111 $379,000
Family Dollar is now available in Saint Louis, MO a golden opportunity for investors Very strong Tenant.
• Ideal 1031 exchange property
• Year Built in 1990
• Long-term lease with Options.
• Larger 9,100 SF “Family Dollar”
• Extremely strong corporate guarantee from Family Dollar
• rent increase in base term of the lease; cap rate will increase to up to 16.453% at the last option term.
• Rent increases are an excellent hedge against inflation
• The subject property is located close to Highway 55 which sees approximately 68,400 vehicles daily
• Strong demographics: more than 51,308 residents in a 3-mile radius
• Strong demographics: more than 112,696 residents in a 5-mile radius